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SAN DIEGO, CA, Jan 24, 2013 (MARKETWIRE via COMTEX) --
Cubic Transportation Systems (NYSE: CUB), a leading integrator of
payment and information technology and services for intelligent
travel solutions, today announced it has acquired NextBus, Inc., from
Webtech Wireless Inc. NextBus is North America's leading provider of
real-time passenger information systems (RTPIS) with more than 100
transit agency deployments in the United States and Canada for a
total consideration of CAD$20.75 million subject to the terms of the
purchase agreement.

Consistent with Cubic's Nextcity vision, the acquisition extends the
company's portfolio of information-based solutions for its transit
industry customers and positions NextBus to accelerate its growth by
leveraging Cubic's global presence and customer base.

"Transit agencies and their communities worldwide are racing to
utilize information more effectively -- optimizing their resources
and providing intelligent travel information to their riders," said
Steve Shewmaker, president, Cubic Transportation Systems. "Since
1996, NextBus has been a pioneer and a market and technology leader
at the forefront of this trend. As part of the Cubic family, NextBus
will have the additional resources and capabilities to expand more
rapidly while adding further depth to our own Nextcity vision, which
emphasizes better utilization of information, wireless communications
and mobile devices as key technologies for the future of public
transit."
The acquisition broadens Cubic's portfolio of transportation
solutions. NextBus' customers include the major metro systems in Los
Angeles, Toronto, San Francisco, Washington DC, and Boston, as well
as many well-known small and mid-sized transit agencies, universities
and colleges including Chapel Hill Transit, RTC-Washoe (Reno), Saint
John Transit, MIT, Georgia Tech, UCLA, University of Maryland, and
Rutgers University.

"The NextBus team of highly skilled and experienced operational and
technical experts will become part of Cubic Transportation Systems,
adding to Cubic's current knowledge base and service offerings in
real-time intelligent travel information systems and operations,"
said Matt Cole, senior vice president, strategy and business
development, Cubic Transportation Systems. "We believe there are very
exciting possibilities that will attach to the coming together of
market-leading fare collection and real-time passenger information
technology. This is a significant step towards Nextcity and we look
forward to the benefits this acquisition will provide to our
business, customers and the traveling public."
NextBus is a Software-as-a-Service (SaaS) solution that improves
transit passengers' lives and makes their travel experience better
with accurate, real-time arrival information about buses, subways and
trains. NextBus also offers travelers a host of other options
including a GPS-enabled mobile website for smartphones that instantly
recognizes the nearest stops in proximity order and provides
real-time arrival information with multiple language capability
(English, Spanish and French), and an easy-to-use website compatible
with the American Disabilities Act (ADA) guidelines. The company also
provides a robust set of real-time management and dispatch tools that
enable transit operators to effectively manage their systems, and is
a real-time transit technology leader, providing the industry's most
accurate algorithm for predicting arrival times.

"I want to personally say to our many customers that as we take this
exciting step in our growth, we will continue to maintain our strong
focus on our customers, our support and their satisfaction with
NextBus solutions and services. NextBus and Cubic will work together
to ensure that our relationship with you, our customer, will not
change," said Michael Smith, general manager of NextBus. "I also want
to highlight the positive benefits for both our customers and
employees that convinced us to make this move. Cubic's global
presence will enable NextBus to expand geographically and provide our
clients with the next generation in advanced traveler information
technologies."
About Cubic Transportation Systems
Cubic(R) Transportation Systems,
Inc., is part of Cubic Corporation. Cubic Corporation is the parent
company of three major business segments: Defense Systems, Mission
Support Services and Transportation Systems. Cubic Defense Systems is
a leading provider of realistic combat training systems and defense
electronics. Mission Support Services is a leading provider of
training, operations, maintenance, technical and other support
services for U.S. and allied nations.

Cubic(R) Transportation Systems, Inc., is a leading integrator of
payment and information technology and services for intelligent
travel solutions. Cubic delivers integrated solutions that help
transport operators manage their operations and services and give
passengers choices in the smartest and easiest ways to pay their
fares. Cubic specializes in design, development, manufacture, supply,
installation, integration, services and information. Services
provided by Cubic include on-site management, central systems,
operations support, patron support, business support and field
services.